Indian Economy MCQs
Indian Economy Multiple Choice Questions (MCQs) for State and UPSC Civil Services Examinations. Objective Questions on Indian Economy for competitive examinations.
21. Progressive Taxation is most closely associated to the base which the tax proposals are generally developed is ______?
[A] Expediency Theory
[B] Cost of service approach
[C] Ability to pay approach
[D] Concentration approach
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Correct Answer: C [Ability to pay approach]
22. What was the nationality of Mahbub ul Haq, one of the pioneers of Human development theory and founder of the Human Development Report (Other is Amartya Sen)?
[A] Uk
[B] USA
[C] Pakistan
[D] India
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Correct Answer: C [Pakistan]
23. Which among the following is oldest?
[A] Federation of Indian Chambers of Commerce and Industry
[B] Confederation of Indian Industry
[C] Indian Merchants’ Chamber
[D] Indian Banks’ Association
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Correct Answer: A [Federation of Indian Chambers of Commerce and Industry]
24. In which year Indian Railway was nationalized?
[A] 1947
[B] 1950
[C] 1952
[D] 1955
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25. Selection 9 is a variety of which of the following commodities in India?
[A] Wine
[B] Tea
[C] Coffee
[D] Rice
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Correct Answer: C [Coffee]
26. During which five year plan The Khadi and Village Industries Commission was established ?
[A] First Five year Plan
[B] Second Five year Plan
[C] Third Five year Plan
[D] Fourth Five Year Plan
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Correct Answer: B [Second Five year Plan]
27. Industrial Licensing was finally abolished in India in which of the following years ?
[A] 1990
[B] 1991
[C] 1992
[D] 1995
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28. Who among the following was the chairman of All-India Rural Credit Review Committee (1969)?
[A] A. Ghosh
[B] B. Venkatappiah
[C] C. Janakiraman
[D] D. Jalan
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Correct Answer: B [B. Venkatappiah]
29. Which among the following correctly defines the Sex Ratio?
[A] The number of females in the population per 1000 male population
[B] The number of males in the population per 1000 females population
[C] The number of married females in the population per 1000 males population
[D] The number of married males in the population per 1000 female population
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Correct Answer: A [The number of females in the population per 1000 male population]
30. The Backward Regions Grant Fund (BRGF), which aims to catalyze development in backward areas, was approved by the CCEA in August, 2006. How many backward districts are covered under the BGRF?
[A] 200
[B] 225
[C] 250
[D] 275
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